$4,880,000
287 Wai Nani Way, Honolulu, HI 96815
- -Bed
- -Bath
- 7300SqFt
- -Bed
- -Bath
- 7300SqFt
- Property TypeCondo
- Year Built1963
- Price per Sqft$668
- On highrises0 Days
Property Details
Exceptional rental income and low operating costs make this a rare investment opportunity in Waikikis residential neighborhood. This turnkey 3-story walk-up comprises 13 units: nine 2BD/1BA plus four 1BD/1BA, each with a private lanai. Well-kept and low-maintenance, the property is positioned in one of Honolulus most reliable rental markets. Features include community coin-operated laundry, individual electrical metering, and tenant-paid utilities for both power and water. Parking is available with a three-car front carport, plus two tandem spaces in a secondary carport accessed via the driveway. Units have been updated upon turnover, ensuring the building remains in excellent condition with strong occupancy, consistent rental income, and long-term tenants. Set in the quieter, less trafficked section of Waikiki, residents enjoy walkable access to world-class beaches, dining, shopping, and recreation, as well as convenient transit connections. This combination of stable income, efficient operations, and an unbeatable location makes the property a standout investment in Honolulus steady multifamily market.
Property Features
Bathrooms
- Total Bathrooms: 0
Property History
Neighborhood
Environmental Risk
Nearby Home Values
- Presented by:
- Julian Kim
- state license#RS-73151
- Brokered by:
- Real Estate Strategies, Llc
- (808) 284-1010